Citizens Financial Group Inc. RI Raises Stake in Nerdy, Inc. (NYSE:NRDY)

Citizens Financial Group Inc. RI boosted its stake in shares of Nerdy, Inc. (NYSE:NRDY) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 155,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Citizens Financial Group Inc. RI owned approximately 0.09% of Nerdy worth $251,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Nerdy by 0.9% during the 3rd quarter. State Street Corp now owns 1,253,663 shares of the company’s stock valued at $1,232,000 after acquiring an additional 11,721 shares during the period. Barclays PLC lifted its stake in Nerdy by 330.4% in the third quarter. Barclays PLC now owns 103,960 shares of the company’s stock valued at $102,000 after purchasing an additional 79,808 shares during the last quarter. Geode Capital Management LLC grew its holdings in Nerdy by 9.3% during the third quarter. Geode Capital Management LLC now owns 1,718,647 shares of the company’s stock valued at $1,690,000 after purchasing an additional 145,575 shares during the period. Franklin Resources Inc. increased its position in Nerdy by 2.0% in the third quarter. Franklin Resources Inc. now owns 4,100,644 shares of the company’s stock worth $4,224,000 after buying an additional 79,624 shares during the last quarter. Finally, Sargent Investment Group LLC bought a new stake in shares of Nerdy in the fourth quarter valued at $153,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Insiders Place Their Bets

In other Nerdy news, CEO Charles K. Cohn bought 2,000,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $1.99 per share, for a total transaction of $3,980,000.00. Following the purchase, the chief executive officer now directly owns 30,509,191 shares of the company’s stock, valued at $60,713,290.09. The trade was a 7.02 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason H. Pello sold 75,000 shares of Nerdy stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $1.51, for a total value of $113,250.00. Following the sale, the chief financial officer now owns 2,068,805 shares of the company’s stock, valued at approximately $3,123,895.55. This trade represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 244,843 shares of company stock worth $420,177 in the last three months. 31.35% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price target on Nerdy from $1.00 to $1.50 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $2.31.

Nerdy Stock Up 5.1 %

NRDY stock opened at $1.56 on Friday. Nerdy, Inc. has a twelve month low of $0.73 and a twelve month high of $3.28. The firm has a market capitalization of $283.71 million, a PE ratio of -4.57 and a beta of 2.00. The stock has a 50-day simple moving average of $1.72 and a two-hundred day simple moving average of $1.38.

Nerdy Profile

Nerdy, Inc operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network.